(MFTranscribing) Aug 7, 2019 at 8:25AM. Tel: +91-80-25732620 / 50 Fax: +91-80-25731592 Email: marketing@teamhgs.com Website: www.teamhgs.com New Media Investment Group (NYSE: NEWM) Q2 2019 Earnings Call Aug 06, 2019, 10:00 a.m. It seems that the business incurs large depreciation and amortisation charges, so maybe its debt load is heavier than it would first appear, since EBITDA is arguably a generous measure of earnings. Both companies have vast portfolios. About New Media Investment Group Inc. New Media (NYSE: NEWM) supports small to mid-size communities by providing locally-focused print and digital content to its consumers and premier marketing and technology solutions to its small and medium business partners. Fiat Chrysler Automobiles N.V. (FCA) was a multinational corporation resulting from the acquisition of Chrysler Group by Fiat S.p.A. February 21, 2019. Join New Media Group as a SUNY WCC student or a NYC metropolitan business to help sponsor internships for NMG members and graduates of NMG Interactive Technologies an Applied Associate Science Program.. Email Faculty Advisor for more information Prof. Deborah Krikun.. New Media Group founded in 2004 – 2021 Interactive Technologies founded in Spring 2021 Meanwhile, Liberty Group Publishing was formed in 1997 to buy about 160 publications from newspaper giant Hollinger International (later Sun-Times Media Group). It seems clear that the cost of borrowing money … Fransabank Economic Bulletin for the Year 2018. WPP plc Sea Containers 18 Upper Ground London, SE1 9GL Tel: +44 (0)20 7282 4600 Everysport Media Group AB (publ.) It intends to operate newspaper, media directory and other media content businesses. Prepared Remarks: Operator. Permanent Capital Vehicle - PCV: An investment entity for managing capital for an unlimited time horizon . 614, Vajpayee Nagar Bommanahalli, Hosur Road Bangalore – 560068 Karnataka, India . Compare how recession-proof New Media Investment Group is relative to the industry overall. ET. Gannett Company Inc, a USA media group, purchased Newsquest plc, through its newly-formed UK subsidiary, "Gannett UK Ltd". New Media Investment Group Inc. completed its purchase Friday of Halifax Media Group, which owned The Ledger and 35 other newspapers across the country. View detailed NWDVW description & address. This market research report provides information about Company Reports (Media), Media industry. Simultaneously, Black announced that his company has acquired daily newspapers in Juneau and Kenai Alaska from New Media Investment Group. ICICI Prudential Asset Management Company. Celebrity Journalism; Health & Fitness; New Media/Brand Development; Distribution Services Inc. ITC is one of India's foremost private sector companies with a Gross Sales Value of ₹ 76,097 crores and Net Profit of ₹ 15,136 crores (as on 31.03.2020) with presence in FMCG, Hotels, Packaging, Paperboards & Specialty Papers, Agri & IT Businesses. Advertising and marketing services revenue was $487.0 million, circulation revenue was $374.7 million, and other revenue was $86.9 million for the quarter. The cash and stock deal values Gannett at about $1.4 billion. Why YJPA? The … Holding company Affiliated Media, which owns MediaNews, entered then later emerged from bankruptcy in 2010. Market Research Report Summary. The Formula One Group consists of Liberty Media’s subsidiary F1 and other minority investments, including Liberty Media Acquisition Corporation, AT&T and an inter-group interest in the Braves Group. Key Dates; 1926 New York Evening Enquirer is formed by William Griffin, protégé of William … New Media Investment Group Inc (NEWM) $6.28 0.00 (0.00%) 19:07 EST NEWM Stock Quote Delayed 30 Minutes 3 Dividend Stocks to Buy for Under $10. New Media Investment Group Inc., the public parent company of GateHouse Media, the owner of the New Jersey Herald, has signed an agreement to … Three World Trade Center; Greenwich Street; New York, NY 10007; USA; Tel: +1 212 632 … New Media Investment Group is part of Gannett Co. Inc.. New Media Investment Group Inc. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investment Report report is published on April 23, 2018 and has 73 pages in it. ICICI Bank India. 1998: Acquisitions: London Property Weekly, a group of real estate newspapers (Mar. 3 Foot 7 Limited AC Holdings, Inc. ... Millennium Media Group AB Mitchell Entertainment, Inc. MTT Enterprises Inc. ... Turner New Media Investments, Inc. Turner North Center Productions, Inc. Major shareholders can include individual investors, mutual funds, hedge funds, or institutions. × . The padel facility is one of the world's largest indoor facilities and houses 23 padel courts, and soon eight outdoor courts will open. Radio City 91.1 FM is a subsidiary of Jagran Prakashan Ltd. Radio City 91.1 FM - India's first & leading FM brand has been synonymous with the category since its inception in 2001. Sea Containers; 18 Upper Ground; London, SE1 9GL; UK; Tel: +44 (0)20 7282 4600; Google maps. NEWM was in 14 hedge funds’ portfolios at the end of June. ICICI Group- Banking, Insurance, Investment, Securities, Global Private Clients. Bitcoin Garden, April 11, 2019 0. WPP US. Kirk Davis, Chief Executive Office of GateHouse Media, a subsidiary of New Media Investment Group Inc., said “I have a deep respect for the Sherman family and all they have done to … Enquiries Corporate Office Hinduja Global Solutions Ltd. HGSL House, No. Bloomberg Businessweek helps global leaders stay ahead with insights and in-depth analysis on the people, companies, events, and trends shaping today's complex, global economy ST. PETERSBURG, Fla., Feb. 10, 2020 (GLOBE NEWSWIRE) -- via NetworkWire -- Treasure & Shipwreck Recovery, Inc. (“TSR” or “the Company”), … Questions and Answers. The New Media Group is made up of several subsidiary companies focusing on commerce, design, investment, marketing and technology. New Media Investment Group shareholders are down 32% for the year (even including dividends), but the market itself is up 10%. Start a free trial. He is a director of Mapeley Limited (a large full service real estate outsourcing and investment company in the United Kingdom). American Media Operations, Inc.; Distribution Services, Inc. Contents: Prepared Remarks. While a new recession may strike a particular industry, measuring the industry and company's robustness during the last … New Listing – Pioneer Media Holdings Inc. (PNER) April 13, 2021 | News Releases, Pioneer. But, as per Section 129 (3) of the New Act 2013,‘Where a company has one or more subsidiaries, it shall, in addition to financial statements provided under sub-section (2), prepare a consolidated financial statement of the company and of all the subsidiaries in the same form and manner as that of its own which shall also be laid before the annual general meeting of the company … Call Center on: +961 1 734 000 or 1552. About New Media Investment Group Inc. New Media (NYSE: NEWM) supports small to mid-size communities by providing locally-focused print and digital content to its consumers and premier marketing and technology solutions to its small and medium business partners. Its parent company, New Media Investment Group, merged with Gannett in 2019. The New Media Group is a social enterprise leading the way in Mongolia and across Asia as the Founding Certified B Corporation in the region. Jason Taylor is President of both New Media Investment Group (NEWM) Ventures and GateHouse Live, which he founded in 2016. In connection with the deal, New Media is modifying an agreement under which Fortress Investment Group, a SoftBank Group (SFTBY) subsidiary, provides a management team to New Media. Gatehouse, a subsidiary of New York-based New Media Investment Group Inc., has more than 140 daily newspapers. Mindshare, MediaCom, Wavemaker, Essence, and m/SIX—our agencies are the front line to a new era of media strategy and innovation. Gannett on Wednesday named key executives to lead the media company, choosing a mix of leaders from the old Gannett and its acquirer, GateHouse Media and parent New Media Investment Group. Despite strong revenue increases and cost … Globally too, there is an aggressive thrust to reduce the carbon footprint and make the switch to clean, renewable energy, which augurs well for the company for decades to come. Name of Entity : State of Organization. ICICI Venture. Cox Enterprises to Invest in InSite Wireless Group, LLC. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Local media company New Media Investment Group said on Monday it will buy USA Today-owner Gannett Co in a $1.4 billion deal, creating the … New Media is focused primarily on investing in a high quality, diversified portfolio of local media assets, and on growing existing advertising and digital marketing businesses. Top Investor Types Venture Capital , Angel Group , Corporate Venture Capital , Incubator , Investment Bank. The deal is expected to close by the end of 2019. This list of startups in the digital media space provides data on their funding history, investment activities, and acquisition trends. On August 5, 2019, New Media Investment Group Inc. (‘‘New Media’’) entered into an Agreement and Plan of Merger (the ‘‘merger agreement’’) with Gannett Co., Inc. (‘‘Gannett’’), Arctic Holdings LLC, a wholly owned subsidiary of New Media (‘‘Intermediate Holdco’’), and Arctic Acquisition Corp., a Network18 Media & Investments Limited, (formerly SGA Finance and Management Service and Network18 Fincap Limited) commonly referred to as the Network18 Group and sometimes as the Network18–Eenadu Group, is an Indian media conglomerate owned by the energy giant Reliance Industries, headed by billionaire Mukesh Ambani.Through its various subsidiaries and franchise … The Tourbillon Group is a Hong Kong based Investment and Holding Company. List of Subsidiaries of New Media Investment Group Inc. As of January 24, 2014 . The Portcullis Group is a group of business services companies which grew out of a long-established lobbying firm living by a code of conduct that now under-pins each of its subsidiaries and joint ventures. Gannett Company General Information Description. Ladies and gentlemen, my name is Ian, and I will be your conference operator today. The McLean, Virginia-based company recently slashed $654 million from the high-interest debt incurred by New Media Investment Group to fund Gannett's $1.2 billion acquisition in November 2019. Fortress Investment Group s conservative, disciplined investment approach and tolerance of complex investment situations have enabled the firm to produce high risk-adjusted returns for investors. See insights on New Media including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. New Media Investment Group Inc., the public parent company of GateHouse Media, the owner of this news organization, has signed an agreement to acquire Gannett Co. Inc. Suzlon, as a leader in the sector, is perfectly poised to tap the huge potential for new business – and create immense shareholder value. The Italian holding company Exor was the largest shareholder and owner of voting rights. Financial Performance . THE BUSINESS TIMES New Media Investment Group - Find New Media Investment Group News & Headlines, insight and analysis in Singapore, Asia-Pacific & global markets news at The Business Times. By establishing DMG, DECENT intends to concentrate all of its use cases for … Gannett Co Inc is a digital newspaper company providing local media and marketing solutions in the U.S. According to present data New Media Investment Group's NWDVW shares and potentially its market environment have been in bearish cycle last 12 months (if exists). Select. And further, Fortress is owned by the Japanese conglomerate Softbank. New Media Investment Group Inc. invests in, owns, and operates local media assets in the United States. new media investment group inc. and subsidiaries condensed consolidated balance sheets (unaudited) (in thousands, except share data) ... new media investment group inc. and subsidiaries Founded by Fisher Yu in 2020, YJPA aims to create a one-stop-shop to serve everyone's property investment needs. Before agreeing in August to buy The Florida Times-Union and other newspapers owned by Morris Publishing Group, New Media Investment Group Inc. had been pursuing the company for several years, according to its CEO. Erie, PA - December 14, 2015 - The Times Publishing Co. has entered into an agreement to sell the Erie (PA) Times-News and GoErie.com to an entity controlled by New Media Investment Group.The transaction is subject to approval by the shareholders of Times Publishing Co., among other conditions. In total they own 666 media sites. The T&G really exists to add profits to New Media Investment Group/Softbank and to defend the interests of the capitalist class, like any other corporate-run media. Warner Media, LLC Worldwide Subsidiaries and Affiliated Companies List . It manages capital for a diverse group of investors including approximately 300 leading pension funds, … That exceeds its share price return that we previously mentioned. Story continues. Name of Entity : State of Organization. The merger brings together the portfolios of two leading local newspaper companies, and includes USA TODAY, Gannett's flagship brand, and its more than 160 brands in the U.K., which will significantly … New Media Investment Group Inc. Wt. Gannett Co. Inc. GCI, +1.90% and New Media Investment Group Inc. NEWM, -0.03%, parent company of GateHouse Media Inc., confirmed Monday that they plan to merge in a blockbuster newspaper coupling. On August 5, 2019, New Media Investment Group Inc. (‘‘New Media’’) entered into an Agreement and Plan of Merger (the ‘‘merger agreement’’) with Gannett Co., Inc. (‘‘Gannett’’), Arctic Holdings LLC, a wholly owned subsidiary of New Media (‘‘Intermediate Holdco’’), and Arctic Acquisition Corp., a GateHouse is a subsidiary of New York-based and publicly traded New Media Investment Group, which owns 450 community publications and … This is useful in estimating the financial strength and credit risk of the company. As a social enterprise, which empowers human-centered business, its utmost goal is to create a positive … The Company operates in over 555 markets across 36 states as on June 25, 2017. New Media Investment Group will buy Gannett in a deal valued at $1.4 billion. October 09, 2019. What's New, Media Center - Fransabank. Explaining how the funding model could work for the new company at a press conference on Thursday (May 6), he said that SPH will transfer all its media assets to a wholly-owned subsidiary - SPH Media. New Media is itself held by another private equity firm, Fortress Investment Group. The two biggest newspaper chains in the country are on the verge of combining after shareholders of both gave green lights to the $1.13 billion deal Thursday morning.New Media Investment Group, which operates under its GateHouse Media subsidiary, is expected to close on its acquisition of USA Today parent Gannett Co. in the next several days, now that the last remaining … While New Media Investment Group's debt to EBITDA ratio (2.70) suggests that it uses debt fairly modestly, its interest cover is very weak, at 1.95. On the bright side, long term shareholders have made money, with a gain of 0.9% per year over half a decade. Ms Leshan Boo joined the Group in 1999 and oversees the Customer Service team. They spent under $100 million on advertising in digital and print in the last year.They are currently not investing in any premium ad units, but advertised on over 250 different Media Properties in the last year across multiple Media formats.New Media Investment Group launched and advertised 10 new products in the past twelve months. The group was established in October 2014. New Media Investment Group Inc. (US:NEWM) institutional ownership structure shows current positions in the company by institutions and funds, as well as latest changes in position size. NEW MEDIA INVESTMENT GROUP INC. AND SUBSIDIARIES: CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (In thousands, except share data) September 29, 2019 : December 30, 2018 : Assets: Current assets: Cash and cash equivalents $ 28,641 $ 48,651 Restricted cash : 3,128 4,119 New Media Investment Group Inc. – WARRANT AGREEMENT by and between NEW MEDIA INVESTMENT GROUP INC. and AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC, as Warrant Agent Dated as of November 26, 2013 This WARRANT AGREEMENT (as amended, supplemented, amended and restated or otherwise modified from time to time, this “Warrant … The Akron Beacon Journal has been purchased by Gatehouse Media for an undisclosed amount. NEWM Dividend History & Description — Gannett Co Inc (New) New Media Investment Group owns, operates and invests in local media assets focused in small to mid-size markets. Its portfolio of products (as on June 25, 2017) include around 630 community publications and over 550 websites, which serve … The New Media Group is made up of several subsidiary companies focusing on commerce, design, investment, marketing and technology. The next name on the list is Alex Waislitz, founder and Chairman of the Australian-based Throney Investment Group, which owns 169 outlets, including The Advertiser, The Canberra Times, and Illawarra Mercury. The company should … Call Participants. The New Media/Gatehouse newspapers, for example, are a subsidiary of Fortress, which is owned by Japanese telecommunications conglomerate, the Softbank Group. It published 144 daily newspapers, 684 community publications, and over 569 local-market websites in 38 states. The A-share listed subsidiary company (stock code: 600057) focuses on the core business segment, accounting for about 90% of XMXYG's total revenue. The Company is one of the largest publishers of locally based print and online media in the United States as measured by number of daily publications. All newspaper properties were transferred into a newly created subsidiary called New Media Investment Group, also publicly traded.40,41 Fortress assumed the majority of the debt and management of New Media, and in return receives stock, stock options and a management fee of 1.5 percent based on the value of the stock. Shanghai Zhongyan Culture&Media Co., Ltd, founded in August 2017, is a subsidiary of Zhongyan Group and a diversified new-type culture and media business born with the Internet gene, with its activities encompassing actor agency, variety show, TV drama production and distribution, performance and event management and planning, and new media content production. The Swiss-based international blockchain company, DECENT, announces the launch of a new media and entertainment spin-off company, named DECENT Media Group (DMG). EX-10.2 2 gciex10220210331x10q.htm EX-10.2 … New Media Investment Group Inc. could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. NEWM earnings call for the period ending June 30, 2019. Call or Subscribe to our. Akron, OH - April 11, 2018 - David Black, chairman and owner of Black Press, LTD of Victoria, British Columbia, Canada announced today that it has agreed to a sale of the Akron (OH) Beacon Journal to New Media Investment Group. New Media Investment Group Inc. is a Newspapers: Publishing, or Publishing and Printing company. Chronology. Hearst has more than 360 businesses in some 150 countries with wholly-owned subsidiaries in China, Italy, Japan, the Netherlands, Spain, Taiwan, and the UK. Fortress Investment Group s conservative, disciplined investment approach and tolerance of complex investment situations have enabled the firm to produce high risk-adjusted returns for investors. Justia Forms Business Contracts New Media Investment Group Inc. Listing and disclosure. The company is in the integration of media sources globally, implementing media and cultural projects reaching Oceania, the Asia-Pacific, and South America, with a business scope including radio broadcasting, new media, TV broadcasting, multi-media content, advertising, and print media. The company will be based at Gannett's headquarters in McLean, Virginia. One name towers above all the rest when it comes to owning media outlets, and that name is Michael Reed and he’s the CEO of New Media Investment Group. Under their umbrella, you‘ll find prominent titles such as USA Today, Detroit Free Press, The Columbus Dispatch, The Arizona Republic, and the Austin American-Statesman. Founded in 1998, Media Investment Group, “MIG”, is an investment, consulting and management services firm that focuses on technology, media and content companies. In one big blow Montgomery kicked off the first part of his corporate strategy for National World. The company came under new ownership in 2013 when New Media Investment Group was … New Media Investment Group Inc. SIC code is 2711 and NAICS code is 511110. Read more. In the case of New Media Investment Group, it has a TSR of -20% for the last 5 years. Beirut Traders Association - Fransabank Retail Index For The Fourth Quarter 2018 (Q4-2018) February 19, 2019. The newspaper giant is acquiring its rival -- and investors aren't happy. On Sept. 4, 2013, Newcastle Investment Corp., an affiliate of Fortress Investment Group, purchased Southern Oregon Media Group and later spun off the publicly traded New Media Investment Group. The company is a global alternative investment and asset management firm founded in 1998. Fortress Investment Group LLC is a leading, highly diversified global investment manager with approximately $53.1 billion (1) of assets under management as of March 31, 2021. Sinclair Broadcast Group, Inc. was founded in 1986, went public in 1995 and is traded on the NASDAQ Global Select Market under the ticker symbol SBGI. Read more. It went public in 2006, changing its name to GateHouse. Global CAMG Media Group Head Office Work as Administration Manager in Head office. About New Media Investment Group. Shareholders cleared the way Thursday for New Media Investment Group and USA TODAY owner Gannett to join forces in a deal that will create the largest U.S. media company by print circulation and one that will also vie for the biggest online news audience nationwide. Simultaneously, Black announced that his company has acquired daily newspapers in Juneau and Kenai Alaska from New Media Investment Group. Dirks, Van Essen & Murray, a merger and acquisition firm based in Santa Fe, New Mexico … At the time it was the world's eighth largest auto maker. Tourbillon focuses on Principal Investments (acquisitions, co-investments and venture capital), and through its subsidiaries on Corporate Advisory, Financial Services, and New Media. Our Ai stock analyst implies that there will be a negative trend in the future and the NWDVW shares are not a good investment for … Fortress Investment Group-backed New Media Investment Group said on Monday it will buy USA Today-owner Gannett Co. in a $1.4 billion deal, combining two of the biggest U.S. daily newspapers. EX-21.1 3 d639494dex211.htm SUBSIDIARIES OF NEW MEDIA INVESTMENT GROUP INC. Exhibit 21.1 . ICICI Prudential Life Insurance Company. Top Funding Types Seed , Series A , Angel , Pre-Seed , Series B. New Media is a holding company that operates 154 daily local papers across 39 states, with 52 million monthly uniques. Digital First is owned by Alden Capital, which manages a portfolio that includes a Canadian pharmacy chain and foreign debt holdings. EX-21.1 4 d674261dex211.htm SUBSIDIARIES OF NEW MEDIA INVESTMENT GROUP INC. Exhibit 21.1 . As part of its business, it owns a CBS affiliate TV station in Anchorage, Alaska, and four radio stations in Texas. New Media Investment Group, Inc. is a development stage company. It intends to operate newspaper, media directory and other media content businesses. The company was founded on June 18, 2013 and is headquartered in New York, NY. Sources: Factset, Bloomberg, S&P Cap IQ; Forbes. ICICI Securities Primary Dealership Limited. Bauer Publishing USA; Rodale Inc.; Time Inc.; Wenner Media LLC. Gannett on Wednesday named key executives to lead the media company, choosing a mix of leaders from the old Gannett and its acquirer, GateHouse Media and parent New Media Investment Group. It operates websites for all of its newspapers, hosted and supported by its MediaNews Group Interactive division. New Media Investment Group, which operates under its GateHouse Media subsidiary, is expected to close on its acquisition of USA Today parent Gannett Co. in … And there's no prize for guessing that the dividend payments largely explain the divergence! moody's lowers liberty group publishing's debt ratings and assigns b1 rating to new subsidiary bank term loan 23 Mar 2000 Moody's Investors Service downgraded the debt ratings of Liberty Group Publishing, Inc. (Publishing) and its Liberty Group Operating, Inc. (Operating) subsidiary (taken together, Liberty). Contract Categories: Human Resources - Bonus & Incentive Agreements. New Media Investment Group Inc. and Gannett Co., Inc. have entered into a definitive agreement pursuant to which New Media will acquire Gannett for a combination of cash and stock. The common shares of Pioneer Media Holdings Inc., have been approved for listing on the CSE. The two biggest newspaper chains in the country are on the verge of combining, after shareholders of both gave green lights to the $1.13 billion deal Thursday.The New York-based New Media Investment Group, which operates under its GateHouse Media subsidiary, is owner of the Ames Tribune, and several weekly newspapers in central Iowa, including the Nevada Journal, Tri-County … As New Media reported third-quarter earnings last week, Chief Executive Michael Reed said in a conference call with analysts that the company has been seeking … New Media Investment Group has a market capitalization of $0.00 and generates $1.53 billion in revenue each year. How many employees does New Media Investment Group have? New Media Investment Group employs 10,638 workers across the globe. New Media is one of the largest publishers of locally based print and online media in the United States as measured by its 125 daily publications. New Media had borrowed these funds from private equity giant Apollo Capital Management through a five-year senior secured term loan facility. She holds a Bachelor of Management degree in Logistics and Supply Chain Management from the University of South Australia. Motley Fool Transcribing. At this time, I would like to welcome everyone to the New Media acquisition of Gannett and earnings … A Different Perspective. NEW BUSINESS ENQUIRIES Contact the WPP new business team for further details of our services. Employee Performance Restricted Stock Unit Grant Agreement between Employee Performance Restricted Stock Unit Grant Agreement between the Company and Michael Reed, effective as of January 8, 2021. ICICI Securities. To become a world-class supply chain service company. On April 5, SM announced the establishment of a new subsidiary company, SM Studios, which is wholly owned by SM Entertainment. The company is a global alternative investment and asset management firm founded in 1998. (ESMG) today announces that its subsidiary Every Padel i Sverige AB (Every Padel) has entered into an agreement to acquire 100% of the shares in Padel Panorama AB (Padel Panorama). The company's brands include the USA TODAY and more than 250 daily newspapers as well as digital marketing services companies, including ReachLocal, WordStream and others. The … Image source: The Motley Fool. YJPA is a unique property group that offers a range of tailored and fully integrated services, including sales, development, property management, and finance. Its corporate headquarters were domiciled in Amsterdam and its financial headquarters … ATLANTA and ALEXANDRIA, Va., April 19, 2012 /PRNewswire/ -- Cox Enterprises, Inc. (CEI), a leading communications, media … Sinclair, either directly or through its venture subsidiaries, makes equity investments in strategic companies. ICICI Lombard General Insurance Company. Principal Divisions. Lo Man Fai, Alex Senior Manager, Facility Management. And because we have three of the top five global media agencies and $63 billion in annual media spend, we provide access and scale everywhere our clients do business. Akron, OH - April 11, 2018 - David Black, chairman and owner of Black Press, LTD of Victoria, British Columbia, Canada announced today that it has agreed to a sale of the Akron (OH) Beacon Journal to New Media Investment Group. … Principal Subsidiaries. New Media Investment Group, which operates under its GateHouse Media subsidiary, is expected to close on its acquisition of USA Today parent Gannett Co. in … The nation's two largest newspaper groups plan to merge. New Media Investment Group Inc (NYSE:NEWM) has experienced a decrease in activity from the world’s largest hedge funds of late.
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